Little Rock USDA Loan Rates, Closing Costs & Stats

LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Little Rock's 47 lenders originated 244 USDA loans during 2023. The total origination value was $43,640,000, with an average USDA loan value of $178,852.

    Little Rock USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Little Rock averaged 6.09% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Little Rock's average USDA mortgage closing costs are $4,430.

    The average rate for the prior week (2024-12-06) was 6.12% and one month ago for the week of 2024-11-08, the average rate was 6.54%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.32%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Little Rock USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Little Rock level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FirstTrust Home Loans, Inc. 54 6.79% $6,516
    CORNERSTONE HOME LENDING, INC. 27 6.68% $6,871
    FLAT BRANCH MORTGAGE, INC. 18 6.83% $6,313
    Eagle Bank and Trust Company 16 6.49% $5,955
    PRIMARY RESIDENTIAL MORTGAGE, INC. 11 6.82% $6,610
    Bank of England 8 6.14% $5,822
    UNITED WHOLESALE MORTGAGE, LLC 8 6.86% $5,209
    First Security Bank 8 6.16% $3,338
    Simmons Bank 6 7.02% $6,449
    CROSSCOUNTRY MORTGAGE, LLC 6 6.62% $6,955
    Centennial Bank 5 6.08% $7,086
    Arvest Bank 5 6.53% $5,196
    EVERETT FINANCIAL, INC. 5 7.13% $5,510
    Chambers Bank 4 5.94% $5,215
    First Horizon Bank 4 6.75% $5,175
    SENTE MORTGAGE, INC. 4 6.94% $6,123
    MOVEMENT MORTGAGE, LLC 4 7.09% $6,992
    GERSHMAN INVESTMENT CORP. 3 7.00% $4,308
    PILGRIM MORTGAGE LLC 3 7.46% $4,376
    Citizens Bank 3 7.04% $5,037
    First Community Bank 3 6.13% $5,994
    GMFS LLC 2 6.00% $4,461
    DAS Acquisition Company, LLC 2 6.38% $7,451
    MORTGAGE INVESTORS GROUP, INC. 2 6.31% $5,196
    NEWREZ LLC 2 6.63% $6,185
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 2 6.19% $4,973
    Sierra Pacific Mortgage Company, Inc. 2 6.75% $6,377
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.81% $5,179
    First Financial Bank 2 6.38% $4,754
    COMMUNITY MORTGAGE CORPORATION 2 6.56% $5,408
    GUARANTEED RATE, INC. 2 7.13% $6,046
    Waterstone Mortgage Corporation 1 6.63% $8,011
    Assurance Financial Group, L.L.C. 1 5.99% $5,170
    Blue Ridge Bank 1 6.13% $4,914
    BROKER SOLUTIONS, INC. 1 7.25% $5,533
    CARDINAL FINANCIAL 1 7.13% $2,513
    ENCORE BANK 1 6.49% $4,383
    Evolve Bank & Trust 1 6.88% $5,777
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $4,958
    Farmers Bank & Trust Company 1 6.25% $5,157
    First Option Mortgage, LLC 1 6.00% $5,145
    Gateway First Bank 1 6.75% $3,785
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.38% $7,595
    Magnolia Bank 1 5.75% $5,442
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $6,738
    Paramount Residential Mortgage Group, Inc. 1 7.13% $6,698
    Regions Bank 1 5.75% $6,357

    The top Little Rock USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with 54 USDA loans originated. Their average total fees are $6,516, which is $355 lower than the next largest lender, CORNERSTONE HOME LENDING, INC..

    The lowest fee Little Rock USDA lenders (with over 10 loans originated) are Eagle Bank and Trust Company ($5,955), FLAT BRANCH MORTGAGE, INC. ($6,313), FirstTrust Home Loans, Inc. ($6,516), PRIMARY RESIDENTIAL MORTGAGE, INC. ($6,610) and CORNERSTONE HOME LENDING, INC. ($6,871).

    The lowest rate Little Rock USDA lenders (with over 10 loans originated) are Eagle Bank and Trust Company (6.49%), CORNERSTONE HOME LENDING, INC. (6.68%), FirstTrust Home Loans, Inc. (6.79%), PRIMARY RESIDENTIAL MORTGAGE, INC. (6.82%) and FLAT BRANCH MORTGAGE, INC. (6.83%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $175,450 (9.7%) $244,331 (12.8%) 0.65 3,008
    2018-02-01 $179,900 (11.5%) $245,904 (12.3%) 0.65 2,995
    2018-03-01 $181,700 (7.7%) $244,910 (9.0%) 0.64 3,030
    2018-04-01 $186,000 (10.1%) $250,433 (10.7%) 0.63 3,070
    2018-05-01 $189,500 (11.5%) $257,179 (11.5%) 0.63 3,230
    2018-06-01 $189,900 (10.1%) $258,144 (9.6%) 0.63 3,318
    2018-07-01 $189,700 (8.5%) $254,737 (7.6%) 0.63 3,422
    2018-08-01 $189,900 (9.0%) $251,646 (6.7%) 0.64 3,469
    2018-09-01 $189,000 (8.1%) $251,925 (6.9%) 0.64 3,530
    2018-10-01 $189,900 (9.1%) $251,662 (7.2%) 0.64 3,641
    2018-11-01 $189,575 (8.6%) $251,143 (6.4%) 0.64 3,466
    2018-12-01 $188,650 (7.9%) $250,221 (4.1%) 0.65 3,351
    2019-01-01 $185,000 (5.4%) $248,271 (1.6%) 0.64 3,212
    2019-02-01 $187,875 (4.4%) $251,484 (2.3%) 0.63 3,133
    2019-03-01 $194,177 (6.9%) $258,861 (5.7%) 0.64 3,088
    2019-04-01 $199,925 (7.5%) $267,156 (6.7%) 0.63 3,058
    2019-05-01 $202,250 (6.7%) $272,654 (6.0%) 0.63 3,051
    2019-06-01 $205,000 (8.0%) $275,687 (6.8%) 0.64 3,046
    2019-07-01 $206,200 (8.7%) $276,181 (8.4%) 0.65 2,991
    2019-08-01 $207,882 (9.5%) $278,146 (10.5%) 0.66 2,949
    2019-09-01 $208,455 (10.3%) $277,680 (10.2%) 0.67 2,889
    2019-10-01 $209,400 (10.3%) $277,511 (10.3%) 0.68 2,838
    2019-11-01 $205,000 (8.1%) $274,075 (9.1%) 0.67 2,761
    2019-12-01 $203,900 (8.1%) $276,556 (10.5%) 0.68 2,603
    2020-01-01 $200,625 (8.5%) $276,571 (11.4%) 0.67 2,409
    2020-02-01 $210,000 (11.8%) $281,206 (11.8%) 0.69 2,316
    2020-03-01 $219,500 (13.0%) $285,048 (10.1%) 0.69 2,310
    2020-04-01 $219,250 (9.7%) $283,617 (6.2%) 0.69 2,278
    2020-05-01 $232,950 (15.2%) $295,020 (8.2%) 0.71 2,019
    2020-06-01 $239,450 (16.8%) $304,708 (10.5%) 0.71 1,856
    2020-07-01 $244,000 (18.3%) $311,645 (12.8%) 0.71 1,757
    2020-08-01 $245,000 (17.9%) $319,699 (14.9%) 0.70 1,614
    2020-09-01 $240,575 (15.4%) $320,572 (15.5%) 0.69 1,483
    2020-10-01 $244,500 (16.8%) $329,144 (18.6%) 0.70 1,425
    2020-11-01 $240,825 (17.5%) $329,422 (20.2%) 0.70 1,338
    2020-12-01 $239,450 (17.4%) $330,942 (19.7%) 0.71 1,209
    2021-01-01 $230,000 (14.6%) $331,887 (20.0%) 0.69 993
    2021-02-01 $244,950 (16.6%) $335,296 (19.2%) 0.71 848
    2021-03-01 $250,000 (13.9%) $341,334 (19.8%) 0.71 793
    2021-04-01 $248,950 (13.6%) $342,671 (20.8%) 0.67 763
    2021-05-01 $239,000 (2.6%) $334,528 (13.4%) 0.63 745
    2021-06-01 $235,000 (-1.9%) $330,199 (8.4%) 0.62 819
    2021-07-01 $245,000 (0.4%) $332,199 (6.6%) 0.65 989
    2021-08-01 $249,450 (1.8%) $332,586 (4.0%) 0.67 1,081
    2021-09-01 $249,450 (3.7%) $330,521 (3.1%) 0.67 1,089
    2021-10-01 $249,000 (1.8%) $328,028 (-0.3%) 0.66 1,000
    2021-11-01 $233,450 (-3.1%) $314,851 (-4.4%) 0.62 972
    2021-12-01 $236,950 (-1.0%) $319,135 (-3.6%) 0.64 868
    2022-01-01 $238,900 (3.9%) $317,773 (-4.3%) 0.65 772
    2022-02-01 $242,425 (-1.0%) $334,573 (-0.2%) 0.63 667
    2022-03-01 $251,950 (0.8%) $364,229 (6.7%) 0.63 691
    2022-04-01 $285,000 (14.5%) $371,468 (8.4%) 0.68 712
    2022-05-01 $289,900 (21.3%) $370,416 (10.7%) 0.66 833
    2022-06-01 $289,799 (23.3%) $369,099 (11.8%) 0.65 940
    2022-07-01 $280,000 (14.3%) $358,317 (7.9%) 0.63 1,154
    2022-08-01 $279,000 (11.9%) $349,323 (5.0%) 0.65 1,262
    2022-09-01 $284,900 (14.2%) $348,585 (5.5%) 0.67 1,250
    2022-10-01 $296,750 (19.2%) $355,194 (8.3%) 0.70 1,309
    2022-11-01 $289,950 (24.2%) $343,642 (9.1%) 0.70 1,453
    2022-12-01 $299,900 (26.6%) $347,772 (9.0%) 0.74 1,344
    2023-01-01 $300,000 (25.6%) $348,249 (9.6%) 0.74 1,230
    2023-02-01 $303,745 (25.3%) $350,781 (4.8%) 0.73 1,134
    2023-03-01 $303,500 (20.5%) $352,093 (-3.3%) 0.72 1,123
    2023-04-01 $315,000 (10.5%) $358,708 (-3.4%) 0.73 1,119
    2023-05-01 $313,450 (8.1%) $366,326 (-1.1%) 0.71 1,172
    2023-06-01 $321,500 (10.9%) $377,181 (2.2%) 0.72 1,236
    2023-07-01 $325,000 (16.1%) $386,719 (7.9%) 0.74 1,287
    2023-08-01 $320,450 (14.9%) $381,768 (9.3%) 0.74 1,320
    2023-09-01 $319,900 (12.3%) $367,463 (5.4%) 0.74 1,490
    2023-10-01 $295,000 (-0.6%) $352,688 (-0.7%) 0.69 1,682
    2023-11-01 $299,450 (3.3%) $360,011 (4.8%) 0.71 1,748
    2023-12-01 $299,900 (0.0%) $356,070 (2.4%) 0.73 1,756
    2024-01-01 $296,500 (-1.2%) $350,901 (0.8%) 0.72 1,669
    2024-02-01 $299,450 (-1.4%) $353,066 (0.7%) 0.72 1,641
    2024-03-01 $309,900 (2.1%) $361,595 (2.7%) 0.73 1,633
    2024-04-01 $315,000 (0.0%) $372,747 (3.9%) 0.73 1,653
    2024-05-01 $311,125 (-0.7%) $373,294 (1.9%) 0.70 1,812
    2024-06-01 $299,900 (-6.7%) $367,813 (-2.5%) 0.67 2,013
    2024-07-01 $296,500 (-8.8%) $364,066 (-5.9%) 0.68 2,218
    2024-08-01 $290,000 (-9.5%) $360,886 (-5.5%) 0.67 2,361
    2024-09-01 $291,000 (-9.0%) $356,316 (-3.0%) 0.68 2,463
    2024-10-01 $289,000 (-2.0%) $354,101 (0.4%) 0.68 2,462
    2024-11-01 $285,000 (-4.8%) $352,267 (-2.2%) 0.68 2,497
    Little Rock's median listing price for 2024-11-01 was $285,000, a difference of $-14,450 (-4.8%) versus the prior year and $-4,000 versus the prior month.

    Little Rock's median listing price comes in at 68% of the national average.

    Little Rock's average listing price for 2024-11-01 was $352,267, a difference of $-7,744 (-2.2%) versus the prior year and $-1,834 versus the prior month.

    For the 2024-11-01 period, Little Rock had 2,497 MLS listings, a difference of 35 listings (1%) versus the prior month and 749 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 77 days 1,909 sqft
    2018-02-01 66 days 1,910 sqft
    2018-03-01 55 days 1,928 sqft
    2018-04-01 55 days 1,940 sqft
    2018-05-01 52 days 1,952 sqft
    2018-06-01 53 days 1,962 sqft
    2018-07-01 55 days 1,957 sqft
    2018-08-01 57 days 1,955 sqft
    2018-09-01 60 days 1,937 sqft
    2018-10-01 64 days 1,942 sqft
    2018-11-01 66 days 1,925 sqft
    2018-12-01 74 days 1,902 sqft
    2019-01-01 72 days 1,900 sqft
    2019-02-01 63 days 1,901 sqft
    2019-03-01 55 days 1,945 sqft
    2019-04-01 55 days 1,998 sqft
    2019-05-01 53 days 2,012 sqft
    2019-06-01 58 days 2,022 sqft
    2019-07-01 59 days 2,035 sqft
    2019-08-01 60 days 2,047 sqft
    2019-09-01 63 days 2,037 sqft
    2019-10-01 63 days 2,035 sqft
    2019-11-01 65 days 2,026 sqft
    2019-12-01 71 days 2,025 sqft
    2020-01-01 68 days 2,000 sqft
    2020-02-01 55 days 2,050 sqft
    2020-03-01 52 days 2,094 sqft
    2020-04-01 56 days 2,074 sqft
    2020-05-01 62 days 2,146 sqft
    2020-06-01 52 days 2,149 sqft
    2020-07-01 46 days 2,148 sqft
    2020-08-01 43 days 2,150 sqft
    2020-09-01 44 days 2,142 sqft
    2020-10-01 44 days 2,129 sqft
    2020-11-01 46 days 2,123 sqft
    2020-12-01 52 days 2,081 sqft
    2021-01-01 56 days 2,048 sqft
    2021-02-01 45 days 2,063 sqft
    2021-03-01 40 days 2,040 sqft
    2021-04-01 31 days 1,979 sqft
    2021-05-01 25 days 1,936 sqft
    2021-06-01 24 days 1,899 sqft
    2021-07-01 24 days 1,978 sqft
    2021-08-01 32 days 1,976 sqft
    2021-09-01 38 days 1,978 sqft
    2021-10-01 40 days 1,949 sqft
    2021-11-01 37 days 1,910 sqft
    2021-12-01 45 days 1,939 sqft
    2022-01-01 47 days 1,969 sqft
    2022-02-01 36 days 1,928 sqft
    2022-03-01 30 days 1,925 sqft
    2022-04-01 25 days 2,027 sqft
    2022-05-01 26 days 2,034 sqft
    2022-06-01 29 days 2,065 sqft
    2022-07-01 29 days 1,996 sqft
    2022-08-01 34 days 2,020 sqft
    2022-09-01 39 days 2,048 sqft
    2022-10-01 38 days 2,084 sqft
    2022-11-01 40 days 2,043 sqft
    2022-12-01 51 days 2,058 sqft
    2023-01-01 52 days 2,024 sqft
    2023-02-01 48 days 2,009 sqft
    2023-03-01 46 days 1,996 sqft
    2023-04-01 40 days 2,025 sqft
    2023-05-01 38 days 2,088 sqft
    2023-06-01 39 days 2,117 sqft
    2023-07-01 39 days 2,146 sqft
    2023-08-01 40 days 2,121 sqft
    2023-09-01 38 days 2,104 sqft
    2023-10-01 43 days 1,976 sqft
    2023-11-01 46 days 2,000 sqft
    2023-12-01 56 days 1,991 sqft
    2024-01-01 54 days 1,957 sqft
    2024-02-01 52 days 1,952 sqft
    2024-03-01 45 days 1,991 sqft
    2024-04-01 45 days 2,035 sqft
    2024-05-01 38 days 2,049 sqft
    2024-06-01 41 days 1,994 sqft
    2024-07-01 45 days 1,946 sqft
    2024-08-01 46 days 1,925 sqft
    2024-09-01 50 days 1,920 sqft
    2024-10-01 54 days 1,904 sqft
    2024-11-01 57 days 1,904 sqft
    Little Rock's median listing age (time on market) for 2024-11-01 was 57 days. This is 24% longer than the same period one year ago.

    Little Rock's median square footage for active listings during the 2024-11-01 period was 1,904 sqft. One year prior, the average listing was 2,000 sqft.